Ethena Labs, a leading decentralized finance (DeFi) provider known for its synthetic dollar operations, experienced a major security breach on September 18. Hackers compromised the front end of Ethena's website, prompting an immediate response from the company.

Ethena Labs, the organization responsible for the decentralized synthetic dollar protocol, has suspended its website activities after a security breach on its domain registrar's account. To avert further harm, the company posted a notice on X (previously Twitter) and instructed users not to engage with any site or application that purports to be the Ethena

Hackers attacked synthetic dollar issuer Ethena, but the protocol said its core blockchain infrastructure remained uncompromised. On Sept. 18, bad actors successfully breached the website of decentralized finance service provider Ethena Labs (ENA).

Web3 security platform Blockaid recently detected a potential front-end attack targeted towards Ethena Labs. Reportedly, the attackers used the latest version of Inferno drainer in this attack.

The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform.

The project noted the protocol itself is unaffected, but users should avoid “any site or application purporting to be the Ethena frontend."

Ethena Labs' frontend attack highlights the critical need for robust security measures to protect user interactions and maintain trust in DeFi platforms. The post Ethena Labs suffers frontend attack, confirms protocol remains unaffected appeared first on Crypto Briefing.

Cryptocurrency markets are known for their volatility, and recent predictions from noted analyst Altcoin Sherpa add another layer of uncertainty. Sherpa's latest forecast for Celestia (TIA), a modular blockchain network, suggests that the token might soon dip below $1.

A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that.

Celestia experiences strong price growth and market cap rise, but negative funding rates signal caution in the derivatives market. Will the upward momentum continue?

Cryptocurrency prices were mixed as traders focused on the upcoming Federal Reserve meeting, with the crypto fear and greed index remaining in the fear zone.

This week remains vital for the financial industry, with markets expecting tomorrow's first rate cut by the Federal Reserve since 2020. The previous interest rate reduction triggered a bull run in the crypto market, and analysts expect the same this cycle.

No sooner than the Bitcoin price displays some bullish possibility, the altcoins have begun to thrive to some extent. The Fantom (FTM) price displays immense strength with over 10% gains, while the Celestia (TIA) price follows suit.

As the global crypto market cap crosses $2.10 Trillion, the price of Bitcoin has successfully reclaimed the $60,000 mark. Moreover, with a jump of 10.63% over the past week, it is currently valued at $60,226.36. Following this, altcoins have recorded a massive uptrend in their respective valuation.

Celestia (TIA) is making big moves, ranking as one of the top gainers in the last 24 hours.

Cryptocurrencies are largely in the green Saturday as traders anticipate the Federal Reserve will cut interest rates next week and Bitcoin retests the crucial resistance point at $60,000.

Celestia offers scalable, privacy-focused apps on Fhenix's network by making data available. Fhenix's integration with Celestia improves both privacy and processing efficiency.

Celestia (TIA) aims to increase its influence by offering light nodes through its block explorer. In the future, light nodes will be integrated with every wallet to secure the network in the most decentralized way possible.

Celestia, a top network and one of the few modular blockchains, is building. Less than a year after transiting to the mainnet after months of testing, the platform is taking bold steps to scale the base layer and further boost data availability.

TIA is seeing an increase in price. However, notable analyst suggests further surge could occur if the asset breaks above a certain level.

Several major token unlocks are set to take place in the coming months, which could potentially de-stabilizing the altcoin market. These unlocks will introduce large amounts of new supply, and as a result, investors are bracing for possible price crashes this month.

Several major token unlocks are set to take place in the coming months, which could potentially de-stabilizing the altcoin market. These unlocks will introduce large amounts of new supply, and as a result, investors are bracing for possible price crashes this month.

Celestia price continued its sell-off this week and is hovering at its lowest point since November 2023, ahead of a major token unlock. Celestia (TIA) dropped to $4.15 on Sept.

The alternative stablecoin market is evolving, and projects like Ethena are leading the way, with a total value locked of $2.7 billion.

The crypto markets slipped into extreme fear over the weekend, with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and several others losing considerable ground and dragging the combined crypto market cap below $2 trillion.

Celestia announces its roadmap to scale blockchain data throughput to 1 GB blocks, aiming to drastically improve the performance and scalability of decentralized applications.

Celestia has just unveiled the details of its roadmap, hinting at the arrival of possible 1-gigabyte blocks.

Celestia's recent announcement to scale its blockchain network block size to 1 gigabyte (GB) has injected fresh optimism into the market for its native token, Celestia (TIA). The ambitious plan, revealed in a detailed roadmap, aims to significantly boost data throughput and expand the functionalities of Celestia's rollup ecosystem.

Celestia recently revealed plans to boost its block size to up to 1 gigabyte, as part of its efforts to improve data transfer efficiency.

The roadmap comes amid fierce competition in data availability among rivals such as EigenDA and Avail.

Major cryptocurrencies plummeted after major US stock indexes closed significantly lower on Tuesday. The plunge was led by Nvidia (NVDA) and other chipmaker stocks, as September began on a weaker-than-expected note after a strong finish to August.

Celestia (TIA) has emerged as a noteworthy contender, attracting significant interest from investors and analysts alike. With its innovative modular blockchain architecture, Celestia promises to offer scalable solutions that could influence the broader crypto ecosystem.

With the crypto market eyeing to end August on a sour note, the altcoin sector saw more pain in the short term after the broader market dipped in the past 24 hours. This led to altcoins like TIA facing significant losses on all timeframes.

Based on the latest data, Ethena's yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena's USDE Supply Plummets as Competition Heats Up From Aug. 23 to Aug.

Ethena whales have dumped a notable 22 million ENA, worth $6.9 million, to Binance.

The cryptocurrency space maintains sideways actions as Bitcoin sways above and below the $60,000 mark. Amidst the volatility, four Ethena (ENA) whales unstaked and deposited 15.86 million coins (worth over $4 million). The transaction, which happened through Binance exchange over the past 24 hours, saw the whales encountering losses of over $5 million.

Celestia (TIA) is making waves in the blockchain world as a Layer-1 blockchain focused on overcoming scalability and flexibility challenges that plague the industry. By decoupling the consensus mechanism, Celestia allows developers to build highly customizable blockchains tailored to specific use cases.

Renzo expands its liquid restaking protocol to Solana with the launch of its REZ governance token, aiming to revitalize its platform through strategic partnerships and new liquidity incentives.

REZ's initial liquidity will be provided on Solana's major AMMS, and the token will be integrated with the blockchain's lending protocols.

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Celestia is a Layer-1 blockchain with a main focus on scalability and flexibility challenges seen in different blockchains in the industry. By separating the consensus mechanism, Celestia helps the developers build highly customizable blockchains tailored to specific use cases.

Bitcoin (BTC) failed to stay above $64,000 as slight losses pushed the price below $63,000. Other major cryptocurrencies, including Solana (SOL), Ethereum (ETH), and Ripple (XRP), also registered marginal losses despite witnessing an increase over the weekend.

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.

TL;DR Innovative Staking Solution: Renzo (REZ) offers a liquid restaking token (LRT) that bridges the gap to the EigenLayer ecosystem, providing better returns than standard ETH staking and streamlining the staking process for users.

Crypto exchange Coinbase has announced the introduction of perpetual futures contracts for Render (RNDR), Saga (SAGA), and Threshold (T) on its International Exchange and Coinbase Advanced platforms. Following this announcement, the tokens saw positive price movements, reflecting increased investor confidence.

With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to CoinGecko, TIA, Celestia's native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs.

As an increasing number of layer-2 chains compete today for user attention and liquidity, developer efforts are ramping up around “chain abstraction,” a broad term used to describe a seamless cross-chain user experience across all chains.

Binance has announced that it will be delisting a number of spot trading pairs. The reason for this is Binance's evaluation of all listed spot trading pairs on a regular basis, analysis of their performance and liquidity.